Salesforce (CRM) FY2023 results: revenue $31.4 billion, up 18.3% on the year
Salesforce, Inc. (CRM) reported revenue of $31.4 billion for fiscal 2023, the year ended 31 January 2023, up 18.3% on the year before. Net income was $208 million, down 85.6%, and diluted earnings per share $0.21. The figures are the company's own, from the 10-K it filed with the SEC on 8 March 2023.
Revenue
$31.4 billion
+18.3% on the year
FY2016FY2023
Operating margin
3.3%
2.1% a year earlier
FY2016FY2023
Net income
$208 million
-85.6% on the year
FY2016FY2023
Diluted EPS
$0.21
-85.8% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
7,111
6,000
4,801
+18.5%
Capital expenditure
798
717
710
+11.3%
Free cash flow
6,313
5,283
4,091
+19.5%
Free cash flow margin
20.1%
19.9%
19.2%
Cash from investing
-1,989
-14,536
-3,971
Cash from financing
-3,562
7,838
1,194
Depreciation and amortisation
903
678
579
+33.2%
Share-based compensation
3,279
2,779
2,190
+18.0%
Buybacks
4,000
0.0
0.0
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
997m
974m
930m
+2.4%
Shares outstanding at period end
1,009m
989m
919m
+2.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
58,359
58,131
41,493
+0.4%
Debt
10,601
10,596
2,677
+0.0%
Operating lease liabilities
2,897
2,703
2,842
+7.2%
Finance lease liabilities
534
271
93.0
+97.0%
Other liabilities
26,458
23,508
19,196
+12.5%
Total liabilities and equity
98,849
95,209
66,301
+3.8%
Fixed assets
n/a
n/a
2,459
Goodwill
48,568
47,937
26,318
+1.3%
Intangible assets
7,125
8,978
4,114
-20.6%
Investments
5,492
5,073
5,771
+8.3%
Cash and equivalents
7,016
5,464
6,195
+28.4%
Receivables
10,755
9,739
7,786
+10.4%
Other assets
19,893
18,018
13,658
+10.4%
Total assets
98,849
95,209
66,301
+3.8%
10-K for the year ended 31 January 2023, filed 8 March 2023: the filing.